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Manager, consumer credit, risk, & regulation


This is a Full-time position in Berkeley, NJ posted February 12, 2020.

SquarePeg is working with a consumer financial services company to help them find their ideal AVP of Credit Analytics.

Here is their description:Role Summary/Purpose: This role will manage elements of the company’s quarterly reserve process, combining quantitative (i.e., modeled) and qualitative analysis, and helping to advance the ACL / CECL process.

The goal is to produce well-understood reserve estimates under a well-controlled and documented process, to stand up to a high level of internal and external review.

The focus is on analyzing drivers, model monitoring, effective communication, and developing materials for quarterly reviews conducted with senior management.

Essential Responsibilities: Analytics Responsibilities: Reserve model SME – Analyze reserve model results and ensure compliance with model governance standards, including model validation supportAnalyze, size, and document qualitative items evaluated during the reserve estimation processMaintain and enhance a robust reserve back-testing framework incorporating multiple modelsProvide input regarding quarterly process considerations during model development and throughout model life-cyclesLeverage reporting mechanisms to understand areas of concern / focus in the quarterly estimation process, research driving forces, and communicate to other teams within the companyProvide support for analytical projects that enhance team capabilities and augment the broader team’s understanding of the portfolio and modeling approaches (e.g., portfolio deep-dives, benchmarking, etc.) Process Responsibilities: Manage the reserve committee calendar and meeting agendas, produce meeting materials, and document committee meetings in minutes that evidence effective challengeDrive the reserve team’s working group agenda and maintain linkage with partner teamsDrive the reserve team’s control processes (check-lists, trigger monitoring, e.g.) while producing reserve estimates and developing supporting reports and meeting materialsCollaborate with colleagues in Finance, Accounting, Risk, and within the team on projects, as needed Other duties and/or special projects may be assigned, as necessary.

Qualifications/Requirements: Bachelor’s degree in a quantitative field of study (i.e., Accounting, Business, Economics, Finance, Mathematics, Statistics, Engineering) and 5+ years of experience in Risk, Credit, Finance, Accounting, Consumer Lending, and/or other relevant professional experience; or in lieu of a degree 9+ years’ experience in Risk, Credit, Finance, Accounting, Consumer Lending, and/or other relevant professional experience.Understanding of reserve principles, including FAS5 / ASC450, FAS114 / ASC310, and CECL / ASC326, as well as regulatory guidance pertaining to reserves and model governanceAbility to create visualizations of quantitative information for management decisioning2+ years of experience in a process quality assurance, control management, or project management role related to consumer lending, preferably in an area with significant financial impactsAt least one year of experience using VBA / SAS / SQL / R / Python to perform statistical analysis, query relational databases, and handle large amounts of data2+ years of experience communicating conclusions of in-depth analysis Desired Characteristics: Graduate degree in a quantitative field, MBA, CPA, CFA, CAS or SOA exams, or other relevant certifications or designationsIntermediate/Advanced EXCEL skills with demonstrable familiarity with pivot-tables, worksheet formulas, macros, array formulas, and other techniquesStrong PowerPoint skills, including ability to create understandable presentations that incorporate graphs other visual aides to portray complex subjectsStrong written and verbal communication skills, to independently present explanations of complex subjects to senior management and partner with teams throughout the companyExperience with credit loss modeling in areas such as Loss Forecasting, Reserves, Stress Testing, or other areas with consumer credit impairment estimationFamiliarity with reserve and model governance trends and developments across the banking sector, especially as related to credit card and consumer lending (SR11-7, e.g.)Knowledge of external environment, industry / competitor profiles, and typical macro-economic indicators and correlations pertinent to credit card modelingAbility to manage multiple competing initiatives and deliver results within deadlines and with a focus on accuracy and attention to detailExcellent time management skills Legal authorization to work in the U.S.

is required.

We will not sponsor individuals for employment visas, now or in the future, for this job opening.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

The salary range for this position is 70,000.00 150,000.00 USD Annual Grade/Level: 11 Job Family Group: Risk Management#ZR